Summary
Copart, Inc. is filing an amendment to its quarterly report for the period ended October 31, 2000, primarily to correct disclosures related to reports on Form 8-K. Investors should note the company's activity concerning the Sadisco acquisition. Initially, Copart announced an agreement to acquire up to 20 Sadisco facilities on August 28, 2000. However, this acquisition was subsequently cancelled, as announced in a Form 8-K filed on October 27, 2000. While the amendment doesn't provide new financial performance data, it clarifies past reporting events. Investors interested in the company's strategic growth and potential disruptions should be aware of these developments.
Key Highlights
- 1Copart, Inc. filed an Amendment No. 1 to its Form 10-Q for the quarterly period ended October 31, 2000.
- 2The primary purpose of the amendment is to revise the disclosure of reports on Form 8-K.
- 3The company had previously filed a Form 8-K on August 28, 2000, announcing an agreement to acquire up to 20 Sadisco facilities.
- 4Copart subsequently filed a Form 8-K on October 27, 2000, to announce the cancellation of the Sadisco acquisition.
- 5The filing confirms 54,575,594 shares of Common Stock were outstanding as of November 29, 2000.
- 6The report is signed by Wayne R. Hilty, Senior Vice President and Chief Financial Officer, dated December 13, 2000.
Frequently Asked Questions
The primary reason for this Amendment No. 1 is to correct or clarify the disclosure of reports previously filed on Form 8-K, specifically concerning the Sadisco acquisition.
Copart initially announced an agreement to acquire up to 20 Sadisco facilities in August 2000. However, this acquisition was later cancelled, and the company filed a Form 8-K on October 27, 2000, to report this cancellation.
This filing is an amendment to correct previous disclosures regarding Form 8-K filings. It does not appear to present new or revised financial performance data for the quarter ended October 31, 2000 itself.
As of November 29, 2000, there were 54,575,594 shares of Copart, Inc. Common Stock outstanding.